Residential Finance (Bayti) and Subsidized financing Murabaha
Tenure (Years)
|
10
|
Commitment
|
No Commitment
|
Profit Type
|
Murabaha
|
First Home
|
Yes
|
|
Subsidized Financing based on property price
|
Financing based on property price
|
Property Price
|
500,000
|
Market value
|
540,000
|
Down Payment
|
25,000.00 (5%)
|
50,000.00 (10%)
|
Tenure (Months)
|
120
|
Profit Rate
|
2.89%
|
2.89%
|
Net Financed
|
475,000.00
|
450,000.00
|
Total Financed
|
612,275.00
|
580,050.00
|
Monthly installment
|
5,102.29
|
4,833.75
|
FTV
|
95%
|
90%
|
Settlement Type
|
Profit+Principal
|
APR
|
5.28%
|
5.28%
|
Management Fees
|
5,000.00
|
5,000.00
|
Settlement Type
|
Three months profit + (Principal + Profit) that hasn't been paid during the first two years of the loan tenure
|
* The above are only examples, as the prices are subject to change if there are influencing factors such as the customer's credit history. - Last Updated: 19/09/2023